Godrej Properties (GPL), the real estate development arm of the Godrej Group, has entered into an agreement with SUN-Apollo India Real Estate Fund, LLC acting through its affiliates/companies (SUN-Apollo). Through this agreement, GPL has sold 49% equity stake in its subsidiary, Godrej Premium Builders (GPBPL). SUN-Apollo has invested Rs 45 crore out of which Rs 18.3 has been paid to GPL for sale of stake and Rs 26.7 crore has been invested in GPBPL.
Recently, Godrej Properties had assigned all the rights and obligations of the company under the development agreement entered with Magic Info Solutions dated August 05, 2011, to its subsidiary Godrej Premium Builders, for developing the project located at Gurgaon village, Gurgaon district in residential sector 104 of the Gurgaon-Manesar urban complex, Haryana.
Godrej Properties is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, its business focuses on residential, commercial and township developments. It is a fully integrated real estate development company involved in all activities associated with the development of residential and commercial real estate.
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| Dilip Buildcon | 434.80 |
| DLF | 569.60 |
| Oberoi Realty | 1671.50 |
| Ahluwalia Contract(I | 782.75 |
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